Citizens Financial Group Inc. RI Has $5.82 Million Position in Marathon Petroleum Corporation $MPC

Citizens Financial Group Inc. RI lessened its position in Marathon Petroleum Corporation (NYSE:MPC) by 67.6% during the first quarter, Holdings Channel reports. The institutional investor owned 23,817 shares of the oil and gas company’s stock after selling 49,662 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Marathon Petroleum were worth $5,816,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MPC. Navalign LLC bought a new position in shares of Marathon Petroleum during the 4th quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Marathon Petroleum in the fourth quarter worth $31,000. Berbice Capital Management LLC lifted its position in shares of Marathon Petroleum by 100.0% in the fourth quarter. Berbice Capital Management LLC now owns 200 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 100 shares in the last quarter. WFA of San Diego LLC acquired a new position in Marathon Petroleum during the second quarter worth $33,000. Finally, Ares Financial Consulting LLC bought a new position in Marathon Petroleum in the fourth quarter valued at $34,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Trading Down 0.0%

Shares of NYSE:MPC opened at $283.60 on Monday. Marathon Petroleum Corporation has a 12-month low of $158.00 and a 12-month high of $287.15. The stock has a market cap of $82.79 billion, a PE ratio of 18.51, a P/E/G ratio of 0.41 and a beta of 0.52. The business has a 50 day moving average of $256.82 and a 200-day moving average of $222.90. The company has a quick ratio of 0.73, a current ratio of 1.18 and a debt-to-equity ratio of 1.31.

Marathon Petroleum (NYSE:MPC) last posted its earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.91. Marathon Petroleum had a return on equity of 16.22% and a net margin of 3.36%.The company had revenue of $34.20 billion during the quarter, compared to the consensus estimate of $33.42 billion. During the same quarter last year, the firm earned ($0.24) earnings per share. The company’s revenue was up 8.5% on a year-over-year basis. As a group, equities research analysts forecast that Marathon Petroleum Corporation will post 32.96 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were given a dividend of $1.00 per share. The ex-dividend date was Wednesday, May 20th. This represents a $4.00 annualized dividend and a dividend yield of 1.4%. Marathon Petroleum’s dividend payout ratio (DPR) is currently 26.11%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on MPC shares. Wall Street Zen raised Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. BMO Capital Markets restated an “outperform” rating on shares of Marathon Petroleum in a research note on Friday, June 12th. The Goldman Sachs Group boosted their price target on Marathon Petroleum from $264.00 to $291.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings upgraded Marathon Petroleum from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, July 6th. Finally, Jefferies Financial Group set a $335.00 price objective on Marathon Petroleum and gave the company a “buy” rating in a report on Sunday. Ten investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $277.31.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, VP Michael A. Henschen II sold 6,336 shares of the firm’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $268.82, for a total value of $1,703,243.52. Following the sale, the vice president owned 16,900 shares of the company’s stock, valued at approximately $4,543,058. This trade represents a 27.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.17% of the stock is owned by company insiders.

About Marathon Petroleum

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.